Grünenfelder Saadi Holding Company (CGS) announced the signing of a significant contract with Almarai, one of the largest food and beverage companies in the Middle East, to implement a project specializing in fixed refrigeration solutions. According to the official statement issued by the company and published on the Saudi Stock Exchange (Tadawul), the total value of the contract is SAR 29.5 million, and its implementation period is scheduled to last 12 months.
Project details and its operational importance
The contract includes the design, supply, and installation of advanced, stationary cooling solutions for Almarai's food processing facilities in Saudi Arabia. These systems are a cornerstone of food production operations, ensuring product quality and safety throughout all stages of production and storage through precise temperature control. For a company the size of Almarai, which relies on an integrated cold chain for its dairy, juice, and baked goods, this project represents a strategic infrastructure upgrade that enhances operational efficiency and ensures compliance with the highest global quality standards.
General context and strategic partnership
This partnership comes amidst the continued growth of the food industry sector in the Kingdom, a key pillar in achieving food security goals within Saudi Vision 2030. Almarai, established in 1977, is known for its leadership in the regional market and its capacity for continuous expansion and innovation. CGS, for its part, is a major player in the industrial and engineering solutions sector, and this contract win underscores its technical expertise and competitive edge in executing large and complex projects.
Expected economic and financial impact
This contract is expected to have a positive impact on both companies. For CGS, the contract represents a valuable addition to its project portfolio and will boost its future revenue. The company has stated that the financial impact of this contract will begin to appear in its financial results starting from the fourth quarter of fiscal year 2026. As for Almarai, the investment in upgrading its cooling systems will, in the long term, lead to improved energy efficiency and reduced operating costs, as well as enhanced production capacity to meet growing demand in local and regional markets.
